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. but listen to this. the democratic budget calls for $1 trillion in tax increases over the next 10 years. how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even further. so, again, is this a sound economic policy? is this going to grow the economy in the u.s.a.? is it? finally, the president and the democratic party have failed to tell the american people exactly what programs they will cut in the future, if anymore. once again, there is no specific entitlement reform put forth by the president. this is r
to be a temporary hike of taxes on but made them perm innocent locking in place an 8.8% top rate that could have new york's most productive residents taking eyes, and it's could take a hike, but will. i was thinking of that, will burr, it's another 9% on the top rate, close to 40%, half writeoffs saying nothing of the other taxes. you're paying 50% in taxes right out the gate. what's the deal? >> well, it's disappointing in that the business community, and the temporary increase part of the overall -- neil: must have known it was not temporary. >> well, no, we believed it would be, and went along with it as part of the overall reform, and he did make some good reforms, but this one is quite different. as far as i can see, this is paired with the $350 check being dulled out to sort of upper middle class people, and then -- neil: robbing peter to pay paul. >> yeah. neil: you think you were snickered? >> a direct money transfer from people in one income bracket to people in another income bracket. neil: so here you were trying to be pragmatic of this, this guy might be a different type of democrat, unl
taxes you can take until you topple the entire economy. this is the challenge that this week will have. this week republicans will have a budget that balances in ten years. the democrats' budget never balances. no household can run that way. >> let me challenge you on this point because here is paul ryan this week, and he laid out very clearly what he thought the job was. let me play that. >> we think we owe the country a balanced budget. we think we owe the country solutions to big problems that are plaguing our nation -- a debt crisis on the horizon, a slow-growing economy, people trapped in poverty. we're showing our answers. >> right, but the answers rely on $700 billion in savings from interest. most of the deficit reduction comes from repealing the president's health care reform, which nobody thinks is going to happen. so how seriously should this be viewed as a roadmap for a balanced budget? >> it should be very serious, because budgets -- >> you're not going to repeal obama care. >> budgets are blue prints and priorities. we lay out. we think obama care should be repealed. the
who have separated could still live in the same home without bedroom tax rules applying? given that glaring loophole discouraging marriage, should not the prime minister's next u- turn be axing this cruel and shambolic tax altogether? >> first of all, let me say, once again, that only the labour party could call welfare reform a tax. a tax is when you earn money and the government take away some of your money. what this is, this is a basic issue of fairness. there is not a spare room subsidy for people in private, rented accommodation in receipt of housing benefit, so we should ask why there is a spare room subsidy for people living in council houses and getting housing benefit. it is a basic issue of fairness and this government are putting it right. >> andrew bingham. >> glossop cartons in my constituency has just invested significantly in placing the world's first order for the euclid digital cutting and creasing machine. tomorrow, nestlÉ opens its brand-new, state-of-the-art bottling plant for the famous buxton water, also in my constituency. does my right honorable friend
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party including house speaker john boehner who's ruling out the prospect of any new taxes. >> i think there by the way is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months. i think republicans, if they saw true entitlement reform, would be glad to look at tax reform that generates additional revenues and that doesn't mean increasing rates, that means closing loopholes. it also means arranging our tax system so that we have economic growth. >> i don't know whether we can come to a big agreement. if we do, it will be between the two parties on capitol hill. the president got his tax hikes on january the 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> the speaker went on to say he agrees with president obama that the country does not face an immediate debt crisis.
and expanding medicaid in garden state. virginia's bob mcdonald who raised taxes to pay for overdue transportation projects in his state. cpac officials make no apologies for not inviting christie or mcdonald saying they hope that next year they will deserve an invitation to cpac 2014. one other thing, bret. the night before last in my report on the federal employees delinquent in their taxes, i talked about an i.r.s. report saying one in ten treasury department officials were delinquent on the taxes. it's 1 in 100. apologies to treasury and i don't want the i.r.s. mad at me. >> bret: thank you. president obama met again today with the harshest critics. congressional republicans. this time, the president got together with g.o.p. senators. while the budget is the focus, a relatively small issue in dollars continues to loom large. correspondent shannon bream is at the white house. >> the administration fired back, criticism regarding the cancellation of white house tours. coming from a source not normally viewed as a critic. the editorial board of the "washington post." equated the de
appreciate your reporting on the disastrous tax about obamacare. please keep on reporting the facts from all different angles. we have learned so much from your informative guests as well as you. so nice. thank you. love hearing from you. send me an e-mail. finally tonight, as if we needed another reason not to take a cruise vacation. listen to this. carnival cruise line's ship with 5600 passengers and crew on board is stuck. yes, stuck at a port in statement. the company says the ships emergency diesel generator now -- malfunction yesterday and guess what happened to maquis have heard this before. toilets overflowed. this comes one month after another vessel was disabled by a fire trapping dozens of passengers s.c. for days. now, some of those passengers said they would ticker's again. please raise your hand if you ever want to set foot on a cruise ship. i am not part of that group. that is my "2 cents more." thank you for being with us. it is been agreed met with you here on "the willis report." have a wonderful evening. ♪ lou: good evening, everybody. thank you for being with us. the wi
to include tax expenditures, a large part of our federal expenditures in the tax code. and the military also needs to be part of deficit reduction. we also need to do this in a select way. these across-the-board sequestration cuts are not how we as well govern. we should be specific as to which programs are priority programs and which programs can be cut. i think that's where we are trying to find common ground between the democrats and republicans. there are discussions taking place among my colleagues on both sides of the aisle to try to find that common area of agreement. >> shannon: we all as americans wish you the best. i want to give you a chance to respond to criticism from jeff sessions. he says the senate budget, proposed and voted on by the committee is full of gimmicks and raises taxes by $1 trillion and increases spending and has no plan and makes no claim to ever balance the budget? >> well, the democratic budget from the senate -- it has more deficit reduction than the simpson-bowles proposal that we all thought was the right framework, just 2 years ago, so i think it is seriou
if they are unwilling to come up with or agree to anything related to closing some tax loopholes and i would think that 98% of americans realize and understand that we have protected spots in our tax code for rich folk who have airplanes and yachts and it's just mind boggling that people can't say, yeah, we can close those loopholes. we don't want those people taking advantage of the tax code so they can keep millions of their dollars when poor people are paying a disproportionate amount. so david throw said things don't change, we do. there's going to have to be some changes going on with individuals and their philosophies if we're going to bring this nation around to propelling this growth or we're going to fall down again because they are not going to move. >> when you look at the fact that speaker boehner wrote and this is an op-ed that says, obama's outreach is nice but where's the leadership? if we're going to find bipartisan solutions, the president will have to move beyond the same proposals as democrat democratic dogma. aren't they saying, there can be an agreement as long as everybody ag
as republicans. smaller government, lower taxes, less spending, rational regulation, open markets, free trade. these are the things that unite as as republicans. it is no surprise to me, lou, that if you take this 60 million people who voted republican for president last year, they're not going to all agree on everything in it would be silly to think that they would. but, there are things that generally unite us, and we need to learn how to work together and push hard for what we know is right. secondly, to understand and not everybody who is a good person or even a good republican is goin to agree with you on everything. heck, my wife doesn't agree with me and everything. lou: you put it that way. in my house i have to say, have to agree with her. republicans have lost to president ections, as you are keenly aware, governor. the vote totals declining over those two elections last year. the spending, astronomical. the republicans -- fighting many people are not aware, republicans actually out raised anoutspend the democratic party. presidt obama. over $1 billion. now, that is, by mimas, gover
-increases debt, raises taxes and never balances. the top republican for budgetary issues blasted the democratic plan. >> now we know why senator reid did not want to bring up a budget. the plan from the democratic leadership is a failed plan for america. it does not alter the debt course of america, has no growth component to it. it spends more and taxes more. reporter: but these budget resolutions only require a simple majority so there are enough democrats to pass the democrats' budget resolution without republican votes needed. and so there you have republicans in the senate, all they can do is bash the plan. they cannot actually stop it. the house republicans are passing the paul ryan plan, and so then they'll go to conference and that where the heavy lifting will begin. >> shepard: the paul ripe plan has zero chance. >> it will pass the house and then they'll try to iron it out between the two plans. the paul ryan plan on its own would not be signed by president obama, would not pass the senate, burt it will pass the house. >> shepard: mike, thank you. meantime, something about our econo
challenged him on spending, taxes, a balanced budget and even closing the white house to public tours. for more insight on what the someone like we're joined by congress warm candice miller. miss miller, thank you. what was your particular gripe at mr. obama today and how tough of that meeting? >> well, you know, i guess it's his charm offensive and actually i think it's working because i think he's becoming charmed by the house republicans. >> but you went after him. >> i asked him a question that we are just getting bombarded with here on capitol hill. i said mr. president we're all dealing with sequestration, the house members have taken a 5% than 6% and now a 8% cut to our own budgets. we're dealing with the sequester best we can. no one has ever thought or made any mention about closing the capitol or capitol visitor's center or this beautiful house office building you see in the rear. nobody said that. mr. president, if you have to close the white house to tours and you need money take it out of our hide that's exactly what i said to him. i said we don't have to come to the whit
by the parliament. [ inaudible [ inaudible ] >> they ordered down the blast. no tax or levy would be imposed on deposits less than $26,000. but there would have still been a fight on largeer amounts. it has people lining up at atm again today. banks remain closed. i am withdrawing some money in case of an emergency, this cypriat says. european union helped force the plan on cyprus in exchange for additional bail-out money. today, they, too, admit the seizure of private funds was a dangerous idea. >> i understand that there was a feeling, the bo in a way. >> russians have been speaking out against the approach as well. they hold up to half of the foreign investments in deposi deposits in cyprus. existing loans with moscow set to be present. >> there is a contract between russians and placement insy produce and the russian government. it's safer to put mup there. >> now the cyprus government has to figure out a new way out of the trouble. european union has to figure out if it will help lower. the banks are set to reopen on thursday. bret? >> greg palkot in london. thank you. back here at home
to raise taxes in virginia in order to deal with transportation problems. it's also worth noting that people are noting the absence of those two, and the presence of people like mitt romney who has said he's never going to run again, and a lot of republicans think he has admitted ran a campaign with some flaws along the donald trump and sarah palin raises questions about the absence of mcdonnell and chris christie. there will be a straw poll here. it doesn't mean a heck of a lot other than republicans are already keeping score. and one more thing, jon. yesterday when we were talking about deliberate irs taxes, i said one in ten were delinquent, it's actually one in a hundred. i don't want the irs angry at me. so made a mistake and cleaned it up. jon: all right. one in one hundred, and as you said, we'll see who shows up to the next cattle call for conservatives. carl cameron, thank you. jenna: well, an outpouring of reaction to the newly-elected leader of the catholic church. pope francis planning an inaugural mass in the sistine chapel. he told a crowd of some 100,000 people in
if republicans agreed to new tax increases. we have heard this before. however, the white house put a positive smpin on the meeting calling it a good substantive exchange and called it a good conversation. the president admitted more with abc news there is more to be done. >> ultimately it may be that the differences are just too wide. if their position is we can't do any revenue or we can only do revenue if we gut medicare or gut social security or medicaid. if that is the position we probably will not be able to get a deal. >> if your piece up on politico read conflicting reports, some say it was more of the same from the president and others say it was a step in the right direction for him to come up to the hill and visit bus. anything come out of this meeting yesterday and the ones that will follow today and the rest of the week? >> i would just replay that clip over and over and over again and that tells you everything you need to know about the next year. the president wants tax increases and he does not want to do a bill with big changes in entitlement reforms. republicans don't want ta
that the consumer is susceptible to some of the headwinds out there, whether it's gas prices, the payroll taxes, or whether disruptions. >> lorwer income americans seem to be the most fragile, on tuesday charles holly said taxes are his shoppers number two concern, adding it's the first time in a long time taxes were a top concern at all. itg investment research chief economist steve blitz says this retail sales report illustrates two separate consumer groups. with higher income americans spending on autos and building supplies while lower income americans continue to be adversely impacted by higher payroll taxes, rising gas prices and delayed tax refund checks, a sentiment echoed by the national retail federation. for "nightly business report," i'm courtney reagan. >> as courtney just mentioned, consumers are spending on housing and garden supplies. coming up, we'll take you behind the scenes of the home depot product walk. it's where companies showcase their hottest home items for this spring. >>> chief executives of some of america's biggest companies are optimistic about the u.s. economy, e
a plan for the new budget, including new taxes. how much you ask? reaction from one of the top republican leaders in the house on that dollar figure. martha: how about this? there is a report out there that a hacker is giving out confidential memos on the terror attack in benghazi. how could this have happened when lawmakers and the victims families still do not have any answers in terms of what they have been demanding? big questions this morning. john bolton on that. >> the security in benghazi was a struggle and remain ad struggle throughout my time there. the situation remained uncertain and the reports from some libyans indicated it was getting worse. diplomatic security remained weak. in april there was only one u.s. diplomatic security agent stationed there. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ given way to sleeping. tossing and turning have where sleepless
.85 trillion, half through spending cuts and half through tax hikes. the republican plan, paul ryan plan, would cut the deficit $4.6 trillion in ten years and includes repealing obamacare. the hope going through the legislative process they might be able to find compromise to strike some sort of deal. >> we need to put americans back to work. that's our first priority. deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline for comparison between the two sides. we'll get into that in just a moment here. thank you, kelly wright on the
, workers who don't earn enough to pay taxes even. and so there was a lot of anger that got generated. and i think it also generated a lot of motivation. i know that our people got more mobilized as a result of that video. and i'm sure that others did. and i think that what scott did, and i think his strategy was flawless. i think what he did with no prompting by anybody but him thinking it through, he wanted those that couldn't afford the $50,000 dinner to be able to see the real mitt romney. and the others that got scott upset is that mitt romney was talking about himself being a job creator and then he saw what mitt romney was doing in china buying these factories at bain capital. and he saw that as a complete sort of contradiction of what mitt romney was trying to portray. i think in the sense that mitt romney helped the obama machinery show what romney really was about, i think it was if not a game changer darn near a game changer and i think america owes scott a big debt of thanks. >> well, he is a hero in my opinion and a lot of americans on social media are saying the same thing. it
, no one read it before it was passed, and there's quite literally a trillion dollars worth of taxes in the affordable care act. it's underappreciated, there's a tax increase on the economy to turn into big job growth impacts and turn into big cost of insurance impacts, and that's what the fee is for, it's there to get the startup of the new exchanges going and to ensure the high cost paicialghts are covered into the insurance products. gerri: what's interesting because there's a lot of people asking for exclusions already, and am i surprised that thedownon representing auto workers doesn't want to pay this. boeing, as i mentioned before, they are asking for exclusions. suspect this is case where virtually anybody with more than say a thousand employees is going to be knocking on the white house doors asking for personal consideration? >> well, of course, you would. this is a cost of doing business, going to be substantial, and unanticipated cost. we saw this with all the regulations that have been put in place to make obamacare go. one by one, they show up and ask for exclusions bec
that was $12 trillion ago. also, the federal government has raised more money via income taxes in its history and this is under the evil george bush tax cut, which proves, by the way, that that lowering taxes brings more money into the federal government. thank you. the president says we don't have a long-term debt crisis but when there is discussion going on with republican leadership he is pushing to raise taxes. if we don't have a debt problem hen why do you want to raise taxes? george stephanopoulos' follow-up question was so tough. >> i was given the microphone because my voice doesn't carry or because of the symbolism. i'm going to put -- i'm taking a wild leap here. i'm going to put this panel down as skeptical about the current president is that right? >> that might be right. >> don't start now. >> i think it is interesting when you watch the politics of what president obama is doing in that interview. i think everyone in this room when you talk to squert -- conservative activityists that everyone thinks there is a problem and there needs to be a balance in four years or 10 years. the
could maul your paycheck. why democrats could jump at more tax hikes. tech kyes awaiting the next big product from samsung, the hype over the new galaxy s4 that's proof apple needs to watch its s. ♪ dad, i'd put that down. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pu lte bui. the most consistt speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes. oh, why didn't you just say that? huh-- what is he doing? neil: a new pope, a new record high. curious? the dow hit an all time high, 7th straight day, longest streak in 26 years. markets up, retail sales up, all of this despite taxes going up, and, today, democratic senator, patty murray announced a budget to ramp tax revenue even more up. would more tax hikes see all the good numbers crash down? let's ask. what do you think? >> well, yes, as will spending cuts. i hope the u.k. austerity britain since 2010, tried to reduce the de
maul your paycheck. why democrats could jump at more tax hikes. tech kyes awaiting the next big product from samsung, the hype over the new galaxy s4 that's proof apple needs to watch its proof apple needs to watch its s. the capital one cash rewards card gives you 1% cash back on all purchases plus a 50% annual bonus. and everyone wants... ♪ 50% more doo wop ♪ 50% more buckarooooooooos ♪ 50% more yeeeaaahhhh!!!! ♪ 5 more yeah yeah [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ 50% more boog ♪ what's in your wallet? cashhhhh!!! ♪ what's in your wallet? at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery we do whatever it takes to make your business our business. od. helping the world keep promises. il: a new pope, a new record high. curious? the dow hit an all time high, 7th straight day, longest streak in 26 years. markets up, retail sales up, all of this despit
this week showing a wide gap, indeed, remains over spending and taxes. plans on the table both sides are taking to the airwaves to try to make their cases. peter doocy is live in washington. peter, does it look like either side is ready to give any ground? >> reporter: it depends on which interview you with a watched this morning, john boehner told abc news president obama already got the new taxes he wanted back in january so more taxes shouldn't even be on the table this time around, but another remember can bob corker indicated on fox that new taxes could be part of the discussion if democrats agree to serious entitlement reform. >> think republicans, if they true entitlement reform, would be glad to look at tax reform that generates additional revenues. that doesn't mean increasing rates. it means closing loop homes and arranging our tax system so we have economic growth. i think we've been saying that from day one. >> reporter: the house budget committee chairman paul ryan says he thinks president's trip to capitol hill to meet with republicans is a good start but he thinks the
, again, if the president wants to let our unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside and focus on what we agree on. and my take away was that. >> frank and candid are always interesting diplomatic code words when year overseas. thiser boehner in today's "the washington post." for all of washington's focus on the president's outreach to republicans, it's his engagement with members of his own party n that will determine whether we succeed dealing with the challenges facing our economy. the fact is there are folks on both side of the aisle that talk a good game on the idea of reforming medicare or doing something about social security, nobody wants to own the plan. they want to agree to it reluctantly to a plan brought up by the other side because here's another fact. medicare and social security are universally popular and even in a republican primary getting caught messing around with social security without a reason is bad politics. so any time you hear this from either side, the other side needs to lead, translation
vitality of the population. our population grew by 50%, but our tax base stayed the same. people who are here legally, especially the new american citizens, are looking for jobs and they are scarce. 22 million americans are out of work, and now the proposal is to waive the carrot of citizenship to millions more. and when we were talking about giving amnesty to millions, maybe 20 million illegal aliens, how much more scarce will those jobs become? mr. speaker, we have heard these proposals before. in 1986 we said that if we granted amnesty there would only be about 1.5 million people who would be included. in truth it turned out to be twice that amount. we were also told that it would never happen again. our borders would be secure and this problem would never occur again. in truth that was not true. so now 27 years later our borders still aren't secure and here we are doing this all over again. well, we got fooled once. by news reports we were told there were 11 million illegal aliens in this nation right now. by using 1986 as a yardstick we can guess by offering amnesty there might
with your tax dollars. now more than 300,000 federal contractors are dodging paying their taxes if you can believe this story. a democratic lawmaker is going after those workers and she will join us next. bill: also this picture became a symbol of washington waste after taxpayers paid for a lavish las vegas conference. government workers attending there including this guy in the hot tub. wait until you hear what this federal agency is doing now. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> announcer: meet mary. she loves tohop online with her debit ca and so does bill, an identity thf who stole mary's identity, took over her bank accountand stole her hard-earned money. unfortunately, millions of ericans just like you learn misplaced information to wreak havoc on your life. this is identity theft and no one helps stop it better than
consequence of furloughing state workers and the billions of tax dollars save >> good morning, everyone, 4:50 on abc7 news. a live look from our high definition roof tom camera -- top camera in san francisco, you can see the buildings and not the fog. mike will tell us about the weather including a chance of rain next week. >> you will soon have another option to get around a bay area because of a bicycle sharing program. there is an agreement with a pilot program for bicycle share. you can pick up and drop off bicycles at 70 locations between san francisco and san jose. the cost is still up in the air. a similar program in washington, dc, charges $75 for an annual pass. >> the spring break is leading san francisco's muni system to reduce service while students are out of school part of a strategy they first tried over the holiday season in december when fewer people were using the city buses and trolls and streetcars. this will we reduce the frequency on a dozen routes from march 25 to march 29. they saved $275,000 by reducing routes during the holiday season. >> there is word that twitte
: that companies from lost tax revenue because the economy is smaller? is that where you're getting the number from. >> yes. a mere 1% growth loss over time is huge impact on the economy and our ability to pay our bills. melissa: now you say this testimony is empirical. that is right in front of us and quantitative and not sub executive and people have to pay attention to that. that is not the case when you present it to the democrats and the president. they say cutting back on spending now would damage growth and the economy and cost us jobs in the short term. how do you respond to that? >> well, basically what the witnesses today said, for the most part, is that congress and the white house is making progress on discretionary spending, more can be done. but they really felt, the focus needs to be on how we make social security, medicare, medicaid, solvent over the long time. there was one other area of treatment. asked, given the obamacare taxes that have kicked in, the new taxes from the fiscal cliff, absent fundamental tax reform, would raising taxes again be helpful to our economy? no one agre
way, both by smart cuts, by closing all of those tax loopholes for high-income people. by the way, mitt romney and paul ryan talked about during the campaign -- those tax breaks are all still there. by eliminating those tax breaks, we can take a balanced approach to reducing the long-term deficit. which is an issue. but you shouldn't sacrifice economic growth now, on the altar of deep cuts and an austerity philosophy. >> i want to bring the panel in because you know, the congressman talks about making smart cuts now. what's in it for democrats to do any grand bargaining at all. any savings that would be applied in cutting the budget, would not be applied to their priorities. it's not as if you're going to reduce government spending on x and spend it more on the poor, spend it more on things democrats care b. why are democrats arguing for a budget at all? >> you and i don't agree on this, joanne. i think long-term, as congressman van holland says, you have to create a sustainable budget path. with the baby boomers, retirement and all sorts of other huge coming costs, we need to hav
a balanced approach, combining tax hikes and spending cuts. both sides say they're far from a long-term deal, notwithstanding what the media is calling the president's charm offensive. mike, what are the president and his allies saying about possible budget? >> we're told by a source that president obama told senate republicans, quote, our task is to find common ground, and send a signal that business is on the move. we're told the president expressed interest in new tax revenue and also tax reform. as for senate democrats, their leaders are blasting the proposal that house republicans put forward on the budget, and author paul ryan. >> this budget was roundly defeated last november. i can imagine why they don't get a new dance step here. so until they get off this ryan republican march madness, all this magic he tried to do, we can't work together. if we're going to pass a budget. >> the house speaker, john boehner, the other key leader here on capitol hill, put a marker down saying, no more tax hikes, and no more gimics. >> but republicans reading the details of the democrats' budget say,
of this rescue are much different than the other ones. their bank deposits will be taxed. if you have over 100,000 euros in the bank 9.9 percent levy. less than, 6 and three quarters percent. many nervous people tapped out the atm. a lot of russians have money in cyprus. it is up for a parliamentary vote this afternoon. it can be changed and amended to penalize the smaller for less. the good news is markets in cyprus are closed today for holiday. futures are reacting very negative. >> that's scary the government. nabbing your money like that. people at the office notice younger people can be i am mature. >> appearance punkality and honesty all matter in the workplace. a survey of 400 human resources say a third of the highers aren't professional. 40 percent say they lack work ethic. 52 percent new hires have this heir of entitlement. might be they are more confident. they might have been coddleed by their parents. in this tight job market there's a lot of ways you can turn your passion into your job. many of the candidates might be saying i am too good for this job. >> they need the job to mak
for considering is the tax and spending blueprint for fiscal year 2014. live coverage at 2:15 eastern here on c-span2. south carolina is holding a primary today in the 1st congressional house district. here's a look at that race. >> host: well, here is the front page of the state newspaper this morning, a story by gina smith for the island packet. turnout will decide today's election for the 1st congressional seat in south carolina. gina smith is joining us on the phone this morning. of gina smith, tell me about this race. who's running and why? >> guest: well, good morning from south carolina. this is like christmas morning for me, i'm so excited. [laughter] this is really an exciting race. we have 18 republicans, two democrats, an incredibly crowded field. but some of the names in this race just make it just delicious to watch. we have mark stanford, the former -- sanford, the former governor who most of the nation remembers as the guy who slipped out of the country in 2009 so he could go visit his mistress, and he -- everyone thought he was hiking the appalachian trail, but he was up to some
with spending and tax increases. on the other end of this how do you suggest that president obama somehow come and meet him in the middle? >> i'm not sure the budget is coming out of the house as much as any new revenues to solve the budget problems. by the way, i think we could learn something from the vatican if you lock everybody in a room with 500-year-old plumbing, we might get a deal here. charles: you know what? i tell you what, i'm for it. i thiik that's the most bipartisan thing that will be said all day long. on the budget situation, you know, it's interesting because obviously the president has taken a different tact here recently going into the sequester deal and sort of went to the people to make his case and the country's not falling apart. sequestration might have been a ploy, if you will, to sort of put the g.o.p. in a box, but seems to be working against the president and might be changing the whole tenor of this debate. >> well, i think the issue on sequestration, i think the president did sort of overestimate the effects and what i'm seeing is that it's having serious effect
are always trying to protect taxes or wealthy people? is that a problem out there with the rank-and-file voters? >> no, i mean -- i don't think so. i think that's obviously a misperception that's become a real perception by the public. but i think we have to talk about things in ways that people can relate to. i mean, if you're talking about taxes and taxing small businesses, you have to talk about the fact that if -- if -- if our small businessman has to pay more money to the government, then he's going to have less money to pay to his ememployers, and the ememployers will have less money to send kids to the school of their choice. i think it's a matter of talking about the debt differently. not just we are in imminent danger in a debt crisis in this country. but what does that mean to people? it means that our government is growing so fast and it's becoming so expensive that we're making payments to our credit cards that we can't afford, which means we have to keep -- we'll keep having this debate about needing more revenue to the government. well, that means less money in peo
unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside. >> so they are trying to act inflexible and it seems that the president has held on to his guns. >> right, and two of those statements, the two statements john boehner made, aren't exactly true, to be very xartable about it. the president does care about fiscal balance. he's put a deal on the table. he just doesn't think we need to get there as quickly as the republicans claim we get there. and in terms of unlocking our energy, we are closer to energy independence than we've ever been. they may want to drill in places the president doesn't. but we're making a lot of progress on energy. i think eric cantor's statement put his finger on it. the republicans in the house in particular, and we're going to see how republicans in the senate do, that the republicans in the house are simply not willing to raise another penny in taxes from well-off people as part of the effort to balance the budget. in fact, the ryan budget cuts the top income tax rate from 39.6% to 25% without explaining all the mid
't love racing taxes just for the sake of raising taxes. we do so in the service of creating a fairer tax code, funding investments for the future and in the service of a balanced approach to deficit reduction. if you take out the deficit reduction concerns and lord knows that any sort of inve investment spending right now is not going to pass muster with the house republicans, you're left with the fairness motive. a more just system would certainly be nice, does it offset the injustice of cutting benefits to folks who rely on social security? to scuttle a brand bargain deal, though, democrats need some sort of political cover. hmm. if only some republican would put out a really toxic, extreme, ideological plan that democrats could point to as continuing republican intransigence, they could walk away with not political consequence. you know, i think i know just the guy. all right. that does it for us here at "the cycle." martin bashir, all yours. >>> good afternoon, it's thursday march the 14th. who needs compromise on capitol hill when cpac is just a few miles up the road? >> was there a
on the balance. >> property taxes. >> megyn: that is warning people of a potential property tax hike in the coming election. i don't understand exactly what's happening. the teachers don't like that, but why are the teachers objecting to notifications of property taxes going up. >> they don't want the voters to notice if they've signed up, they voted for a property tax hike and the property taxes are the basis. >> megyn: and they're going to go and vote on various measures that affect them and the one on i raising property taxes is now highlighted on red ink on the outside of the voter envelope. >> and saying we've got more taxes coming at you. >> megyn: and the teachers union says let that go? >> no, let the voters blythely go on and meander through the ballot and the last thing they want is for taxpayers to know that he or she is going to be paying higher taxes in an educational system that isn't too shiny, if i can use the expression. it's pitiful what's happening. >> megyn: because those property taxes will go help fund the teachers salaries and they don't want anybody-- they don
for a budget. they went over the budget during a meeting. it calls for increases in spending and taxes. the democrat's budget would increase tax revenues over a trillion dollars over the next 10 years. >> the american went to the polls in support of. >> republicans introduced a proposal based on spending cuts. >>> president obama nominated a new embassador to libya today, deborah jones. if approved she will fill a post left vacant by u.s. ambassador chris stevens. he was killed in an attack in benghazi september 11 last year. >>> police scheduled a gun buy back program, cash for fire arms events have been popular. this is video from an earlier event. the program is planned for saturday from 10:00 a.m. through 3:00 p.m. at pittsburg city hall. people can receive 50 up to $300 in exchange for guns. >>> up in flames, a explosion and fire after a boat collides with a pipeline in louisiana, the connection this crash has to the bay area. >> looking brighter in california, california has been lagging behind but the sign things are turning around. hello? the words are going this way-there's no
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